Links in “Department of Justice”
- Despite its Pledge, DOJ Continues to Prosecute Firms, Not Individuals
Department of Justice pledged in September 2015 to prosecute individuals for their role in the financial crisis, not just their firms. Despite that, the agency has reached three notable settlements since then with firms, but has not taken action against individuals. [2/16/16]
- DOJ, HUD, CFPB and 49 States Hit HSBC
Abuses in mortgage originations, servicing and foreclosure will cost HSBC $601 million. [2/8/16]
- Se Habla Espanol CFPB? Si!
The CFPB re-promotes its efforts against Ally Bank in Spanish/Espanol. The announcement focuses on CFPB's joint action with the DOJ from 2015 that ordered Ally Bank to pay $80 million in damages to consumers harmed by Allyâs discriminatory auto loan pricing policies. [2/5/16]
- Judge Slams FinCEN and DOJ on Marijuana-Related Guidance
A judge finds FinCEN and Department of Justice guidance that prosecutors and bank regulators might "look the other way" if financial institutions violate federal laws on marijuana-related businesses as "untenable." [1/11/16]
- Two More Banks Settle Under Justice’s Swiss Bank Program
Department of Justice announces two more banks have settled for $107 million under its Swiss Bank Program, which provides Swiss banks a chance to come clean for possible tax-related criminal offenses with undeclared U.S.-related accounts without facing prosecution. [1/4/16]
- Three More Swiss Banks Go Mea Culpa
The Department of Justice announced three more Swiss Banks (BNP Paribas SA, KBL Ltd. and Bank CIC) reached resolutions under the departmentâs Swiss Bank Program to pay a combined $81 million in fines, continue to cooperate with the department, but avoid potential criminal liabilities in the United States. [11/20/15]
- U.S. Justice Department Reaches Agreement with Two More Swiss Banks
The Department of Justice announced two more resolutions under the Swiss Bank Program that gives Swiss Banks the ability to avoid criminal prosecution through cooperative resolution and payment of penalties. In this round, Banque Internationale à Luxembourg (Suisse) SA and Zuger Kantonalbank agreed to the $13 million penalty and agreement to continue cooperative efforts. [11/13/15]
- Open Season for DOJ Following Disparate Impact Ruling
Department of Justice official finds that lack of credit in affected communities is the root cause of civil unrest across the country. [11/12/15]
- Link Between Civil Unrest and Credit Availability?
AÂ DOJ official sees lack of credit as a driver in recent rounds of civil unrest and controversies over use of police powers. [11/9/15]
- DOJ Proposes $82 Million Settlement with Wells Fargo on Bankruptcy Notices
The DOJ has proposed an $81.6 million settlement agreement with Wells Fargo Bank for WF's repeated failure to provide over 100,000 homeowners with legally required notices under Bankruptcy Laws. The settlement notes that WF's failure denied homeowners the opportunity to challenge the accuracy of mortgage payment increases. [11/6/15]
